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Real Estate developers have sold over 64,000 homes across eight major property markets in India. This comes between July and September showing a mighty 92% Y-O-Y growth in residental sales as revealed by the data from Knightfrank India.
While discounts, deals, stamp duty waivers and freebies from developers have played a key role in boosting sales, the report notes that stamp duty cuts in Mumbai, Pune and Kolkata may have been a strong stimulator of demand.
Source: CNBC TV
